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The last question i need help with is A mechanic is considering expanding his garage. After a strong year last year, the mechanic is able
The last question i need help with is
A mechanic is considering expanding his garage. After a strong year last year, the mechanic is able to finance the expansion from last year's profits. The expansion itself is expected to cost $11,000. The mechanic estimates that the additional garage will bring in revenue totaling $12,009. The mechanic is currently receiving an interest rate of 8% on his saved profits. Should he make the investment ?
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